3, STEEL CLOSE, BROMSGROVE, B60 3GQ - £342,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 STEEL CLOSE is a small semi-detached house of 107m², built sometime between 2003 and 2006, which could now be worth an estimated £355,146. It was last sold for £342,000 in October 2023, which was around 8% above the average October 2023 semi-detached price in the Bromsgrove local authority area. The most recent EPC inspection was February 2021, where the current energy rating was C, and the potential energy rating was B.

3 STEEL CLOSE Sold Prices

Land registry data shows two sales for 3 STEEL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Bromsgrove local authority area for the corresponding sale date. Both of the two 3 STEEL CLOSE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 13 OCT	£342,000	£316,059	8% above HPI
2006 22 MAY	£226,995	£180,471	26% above HPI

3 STEEL CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Bromsgrove local authority area over time, sourced from the HPI. The two 3 STEEL CLOSE sales from May 2006 and October 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2006 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the October 2023 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 3 STEEL CLOSE be worth now?

3 STEEL CLOSE might now be worth an estimated £355,146.

This is based on house price inflation of 3.8%, between October 2023 and February 2025, for semi-detached houses, in the Bromsgrove local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.8% inflationary increase is applied to the most recent sale price for 3 STEEL CLOSE of £342,000 on 13th October 2023. For the value to have increased from £342,000 to £355,146 over the two years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 STEEL CLOSE has moved in line with the HPI for semi-detached houses in the Bromsgrove local authority area.
• The October 2023 sale price of £342,000 represented a fair market value for the property.
• The size, condition, and specification of 3 STEEL CLOSE has not materially changed since October 2023.

How Large is 3 STEEL CLOSE?

3 STEEL CLOSE is 107m² according to the EPC inspection conducted in February 2021. This puts it in the smallest 40% of semi-detached houses houses in Bromsgrove, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bromsgrove, and where 3 STEEL CLOSE lies on this distribution: 32% of semi-detached houses houses are smaller than 3 STEEL CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

3 STEEL CLOSE: Plot and Title Map

3 STEEL CLOSE sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 3 STEEL CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 3 STEEL CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 3 STEEL CLOSE?

3 STEEL CLOSE is located in BROMSGROVE, in the B60 postcode district. The below map shows the position of No. 3 on STEEL CLOSE.